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With a calendar filled with events, holidays, and festivals, Filipinos know a thing or two about maximizing their time to create wonderful memories and experiences. The “-ber” part of the year often the most exciting, yet costly season for most of us. Not only do we famously prepare for Christmas as early as September, but other traditions like Undas and the onset of school breaks also present more opportunities to spend more time and money for personal satisfaction. The latter months are also our last few chances to make the year meaningful.
While it’s tempting to go all out with our time and money as the year comes to a close, making the right financial decisions at this time may help us usher in a momentous “-ber” season without breaking the bank. Nothing beats the feeling of enjoying the season while having more than enough to get by until the New Year.
Here are some key financial considerations worth looking into as the year ends:
Strengthen your peace of mind with the right insurance policies. Long breaks and various festivities mean driving hours on the road, braving the traffic as Filipinos travel to the province, rushing to the nearest mall sales, or attending parties left and right. Undas, in particular, fills up our highways with families longing to pay respects to their dearly departed. On top of keeping your vehicle in tiptop shape, check out available car insurance policies that you can avail before the busy season starts. It’s best to be prepared for all possible circumstances while you’re on the road.
For those looking at long vacations abroad, consider insuring your home or property as well. Having that sense of security while you’re away from your humble abode will help you enjoy your hard-earned escape with your loved ones. While you’re at it, make sure that your family’s health insurance and travel insurance are also kept in check. Once everything’s set, you’ll definitely have a more enjoyable and exciting time away with those who matter most to you.
Elevate your experiences with the right personal loans. With only a few months left to make the year the best one yet, it wouldn’t hurt to treat yourself and others with a little extra flair. For instance, why not make the year’s noche buena special with a scrumptious Christmas dinner at a fine dining restaurant, a luxurious staycation at a starred hotel, or a gastronomic adventure abroad? Look at your potential savings by the end of the year, determine and manage your budget, and look into various personal loans offered by the country’s major banks. As long as you will be able to properly spend and responsibly pay your dues, you will be able to offer experiences that will go a long way.
End the year with big-ticket or meaningful rewards. You’ve been working hard the whole year and you think you deserve a reward for your efforts. Or maybe you’ve been saving up for a special year-end gift for a loved one. Is it a cutting-edge smartphone, perhaps? Maybe it’s a brand new car, or a fully furnished condo unit in the Metro. Again, after looking into your savings and coming up with a budget, explore the variety of personal, car, or housing loans available, and manage your finances accordingly.
Also study different credit cards that fit your needs as well, as the year-end often ushers various promos and discounts only available via credit transactions. Instead of spending all your hard-earned money and bonuses in one go, budgeting it in various credit applications and transactions can help you practice more responsible financial management while checking off things in your bucket list.
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However you wish to spend the latter part of your year, eCompareMo.com will be your partner in discovering the right banking and insurance products for every want, need, and budget. As the leading and complete comparison portal in the Philippines, eCompareMo works with the country’s top banks and insurance partners to provide services tailor-fit for you. The portal also provides handy tips and lessons on responsible credit use and financial management. For more information, visit eCompareMo.com.
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